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Recently asked questions about conveyancing in Bingham

In what way does my ID and proof of funds have anything to do with my conveyancing in Bingham? What am I being asked for?

Bingham conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).

Evidence of source of monies is also required in compliance with the money laundering statutes as solicitors are obliged to investigate that the funds you are utilising to purchase a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the product of criminal activity.

I have recentlyfound out that Action Conveyancing have closed. They carried out my conveyancing in Bingham for a purchase of a leasehold flat 9 months ago. How can I check that my home is in my name in the name of the former proprietor?

The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bingham conveyancing specialists.

How does conveyancing in Bingham differ for new build properties?

Most buyers of new build premises in Bingham contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Bingham typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bingham or who has acted in the same development.

How can the Landlord & Tenant Act 1954 impact my commercial offices in Bingham and how can your lawyers assist?

The particular law that you refer to affords a safeguard to commercial leaseholders, giving them the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Bingham

Me and myfiance and I are are seeking to find an affordable conveyancing lawyer in Bingham to help me sell my home. I I am fearful of being overcharged and there are many Bingham conveyancing practices to pick from...who do I opt for?

Where you’ve never used a lawyer previously, a personal recommendation via relatives or friends is a great place to start and is often a good indicator of quality. As an alternative option, view the Law Society’s online record of solicitors in Bingham or use our search facility to find a conveyancing solicitor in Bingham.

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